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This Former Pandemic Stock is Quietly Crushing the Market
ZACKS· 2024-11-08 16:15
A handful of stocks benefited massively during the pandemic era of 2020 and 2021. It was an interesting time to be an investor, to say the least, and those who targeted the stay-at-home stocks were rewarded handsomely with considerable gains.And one of those stocks, Carvana (CVNA) , has recently reported results. The stock was seemingly left behind following its immense run during the period, cratering in value before returning in a massive way this year.But is the former winner again worth investors’ atten ...
Best Momentum Stocks to Buy for November 4th
ZACKS· 2024-11-04 16:01
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 4th:GeneDx Holdings Corp. (WGS) : This genomics-related diagnostic and information services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 68% over the last 60 days.GeneDx’s shares gained 175.8% over the last three months compared with the S&P 500’s advance of 10.3%. The company possesses a Momentum Score  of A.Carvana Co. (CVNA) : ...
Here's Why Carvana (CVNA) is a Strong Momentum Stock
ZACKS· 2024-11-04 15:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Sc ...
Monster insider trading alert for Carvana (CVNA) stock
Finbold· 2024-11-03 12:40
Carvana Co. (NYSE: CVNA), a leading e-commerce plattform for buying and selling cars, has captured significant investor attention following notable insider trading activity by its Chief Product Officer, Daniel J. Gill. of 1935 or Section 30(h) of the GILL DANIEL J. VANA CO. | CVN IO CARVANA CO. 300 E AZBS29 Daniel J. Gill stock sale filing. Source: SEC According to a recent SEC filing, Gill executed several stock transactions under a Rule 10b5-1 trading plan adopted on June 14, 2023. On October 30, 2024, Gi ...
Carvana Stock Rockets as Profit, Sales Jump on Rising Demand for Used Cars
Investopedia· 2024-10-31 20:30
Key TakeawaysCarvana's quarterly profit soundly beat analysts estimates and it boosted its outlook for the full year, fueled by increased demand for used cars.Carvana's stock price soared more than 20% Thursday after the positive earnings news.The online used-vehicle retailer set records for adjusted EBITDA, adjusted EBITDA margin, and GAAP operating income.Carvana sees full-year adjusted EBITDA "significantly above" the high end of its previous estimate. Rising demand for used cars helped online used-vehic ...
2 Once-Struggling Stocks Soaring This Year
Schaeffers Investment Research· 2024-10-31 19:01
Whenever there's a broad-market selloff, its always fun to look through the rubble and pick out the contrarian stocks making outsized moves higher. For Peloton Interactive Inc (NASDAQ:PTON) and Carvana Co (NYSE:CVNA), does their outlier performance today -- and for the last year -- have any staying power, or is it all a flash in the pan? PTON is up 26.3% to trade at $8.40, and earlier traded as high as $8.92. The fitness company reported an earnings triple play for the fiscal first quarter, and got an extra ...
These Analysts Boost Their Forecasts On Carvana After Strong Q3 Results
Benzinga· 2024-10-31 17:20
Carvana Co. CVNA reported better-than-expected third-quarter financial results on Wednesday.Carvana reported third-quarter revenue of $3.66 billion, beating the consensus estimate of $3.45 billion, according to Benzinga Pro. The used car retailer reported third-quarter earnings of 64 cents per share, beating analyst estimates of 17 cents per share."Carvana's exceptional results underscore our position as the fastest-growing and most profitable automotive retailer. Our progress in Q3 further highlights the s ...
Why Carvana Stock Soared 20% After Earnings
The Motley Fool· 2024-10-31 16:00
Carvana stock appears to be on the right path to growth. Carvana (CVNA 21.90%) stock motored higher Thursday, its stock up 20% through 11:25 a.m. ET after beating analyst forecasts for third-quarter revenue.Carvana reported Q3 sales of $3.66 billion last night, edging out Wall Street forecasts for $3.65 billion. The company also appears to have beaten earnings expectations. Carvana Q3 sales and earningsAccording to Yahoo! Finance data, Carvana entered Q3 with analysts expecting it to earn $0.25 per share -- ...
Is Carvana (CVNA) Outperforming Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-10-31 14:45
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Carvana (CVNA) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Carvana is one of 212 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 ...
CVNA Puts Up Stellar Q3 Show: Earnings & Sales Top Estimates, Rise Y/Y
ZACKS· 2024-10-31 12:51
Used car e-retailer Carvana (CVNA) reported earnings of 64 cents per share, which breezed past the Zacks Consensus Estimate and the year-ago quarter earnings of 23 cents. Revenues of $3.66 billion beat the Zacks Consensus Estimate of $3.47 billion and rose 32% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.CVNA stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Key HighlightsTotal gross profi ...